The Career Partnership is FREE TO JOIN, but Hampton Fund bears the costs of training and development until you are working. For each person accepted, the costs are between £2,500 and £6,000.
The amount varies depending upon how much technical knowledge you already have, how long your apprenticeship with us lasts, and which career track you are accepted on.
We ask you to repay this amount once you are in work, and earning over £18,000 a year. Repayments are in 30 monthly instalments from between £83 to £200 a month. As your career partner we share the rewards and the risks with you, and we only benefit once you are successfully working, and earning above a threshold income. As you start earning you repay the costs of the program in the form of interest-free monthly payments from your new salary. This money that we collect helps us to fund the next generation of candidates after you.
Interest Free Loans
Hampton Fund provides a training and apprenticeship program that is free to join, where costs are only paid back from your salary once you are in paid work. Upon enrollment, you will be asked to take a special, interest-free loan for the value of the training. You will have a repayment "holiday" during the period of your training and apprenticeship, through an independent lending company "Fiscal Money Ltd.", that is registered with the Department of Trade and Industry to provide consumer credit and loans.
Fiscal Money loans provide deferreded loan repayments that help pay for vocational education and learning that leads to career development.
Hampton Fund pays Fiscal Money an arrangement fee, equivalent to approximately 12% of the value of the loan per year. No interest is charged to you as an individual whatsoever, and is Sharia Compliant.
What we DO and DON'T cover
This fee covers the costs of the proprietary Hampton Fund software, training, consulting, support and guidance. Other costs for example living expenses, external exam fees, extra books or study resources, PC's, internet connections etc, are NOT covered. You will have to cover these costs yourself.
All candidates accepted by Hampton Fund are subject to a commercial contract. Read all contracts carefully before you sign ! If you drop out the apprenticeship voluntarily, you may be liable for the entire cost.